Kodak sells London studio Cinesite to an investment fund

This operation will give Cinesite the necessary resources and stability to expand into new territories, diversify its services and expand its global position in the media and entertainment industry.

The multinational Kodak continues to reorganize its business and assets in order to stay afloat. Private equity firm Endless LLP has just bought the London post-production studio Kinesite in an operation in which the conditions have not been disclosed. The agreement will maintain the management team and its headquarters located in London's Soho.

The operation will give Cinesite the necessary resources and stability to expand into new territories, diversify its services and expand its global position in the media and entertainment industry.

Antony Hunt, CEO of Cinesite, acknowledged that "partnering with Endless LLP is a great strategic step for both parties and we are delighted to have their support and investment. We have a highly innovative and creative team to deliver cutting-edge visual effects to the media and entertainment industry, and we are now keen to take the Cinesite brand into new territories and expand our digital visual effects services."

Coinciding with the sale, Cinesite is currently working on the new James Bond installment, Heavy rain, y World War Z (a Paramount film starring Brat Pitt).

The studio recently worked on the post-production of Pirates of the Caribbean: On Stranger Tides (Disney/Bruckheimer), John Carter (Disney), X-Men: First Class (Twentieth Century Fox) y Harry Potter and the Deathly Hallows Part 2 (Warner Bros).